A former executive of International Business Machines Corp. (NYSE: IBM), Mann was named to his current position at Lexmark in March 1991, shortly after IBM sold its personal and network printer and information supplies business to the private investment firm of Clayton, Dubilier & Rice, Inc. Lexmark generated revenues of $2.2 billion in 1995.

According to Bill Monahan, chairman and chief executive officer of Imation Corp., Mann's leadership of Lexmark from spin-off status to a strong, vibrant independent company makes him an ideal board member.

"Marvin Mann's experience in the information technology industry adds a great deal of depth and insight to Imation's board. His track record in building a successful company, combined with his high-tech business expertise, will play a vital role in the future growth of Imation," Monahan said.

Mann currently sits on the Board of Directors of the M.A. Hanna Company, and is a member of the Fidelity Investments Board of Trustees. During his 32-year business career, Mann has held a wide range of executive positions in marketing, finance and planning, product general management for IBM.

Other Members of Imation's Board of Directors include:

• Bill Monahan, chairman and chief executive officer of Imation Corp.;

• Lawrence E. Eaton, retired executive vice president of 3M's Information, Imaging and Electronics Sector and Corporate Services;

• William W. George, chairman, chief executive officer and president of Medtronic, Inc., one of the world's leading medical technology companies;

• Linda W. Hart, vice chairman of The Hart Group, a privately held, diversified group of companies involved in insulation manufacturing and residential and commercial services;

• Daryl J. White, former senior vice president - finance, and chief financial officer of Compaq Computer Corporation, the world's largest supplier of personal computers, and current chairman of Pinnacle Micro, Inc., a leading manufacturer of optical drives;

• Ronald T. LeMay, president and chief operating officer of Sprint Corp., a global telecommunications company;

• Mark A. Pulido, president and chief operating officer of McKesson Corp., a leading provider of healthcare products and services.

Imation supplies a variety of products and services worldwide for the information processing industry, specializing in imaging applications and information storage. The business units that make up Imation had 1995 revenues of $2.2 billion while part of 3M. The company employs approximately 9,400 people worldwide and is based in Oakdale, Minn.

Additional information about Imation is available on the company's website at http://www.imation.com.

Copyright 1996 Imation. All rights reserved.